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Not sure why you're laughing, this is an actual legal term: https://www.nolo.com/legal-encyclopedia/fiduciary-responsibility-corporations.html https://www.nolo.

Not sure why you're laughing, this is an actual legal term: https://www.nolo.com/legal-encyclopedia/fiduciary-responsibility-corporations.html https://www.nolo.com/legal-encyclopedia/fiduciary-responsibi...

outworlder 7y ago
That's for directors and stockholders, not random employees.
- ricefield 7y ago
  > Apple filed the lawsuit in Santa Clara County Superior Court against Gerard Williams III, who left the company last year after more than nine years as chief architect for the custom processors that power iPhones and iPads to start Nuvia Inc, which is designing chips for servers.
  - outworlder 7y ago
    Chief architect. AKA engineer.
    - ricefield 7y ago
      His LinkedIn literally says, "Senior Director": https://www.linkedin.com/in/gerard-williams-iii-27895aa/ https://www.linkedin.com/in/gerard-williams-iii-27895aa/ It's not like he was some kind of low-ranking IC engineer
      - outworlder 7y ago
        Well, being a "senior director" (sounds like an oxymoron to me) would seem to apply.
      - kelnos 7y ago
        Director in this sense does not mean what it means in the definition for "duty of loyalty", which is talking about board members, not (even high-ranking) employees.
        gamblor956 7y ago
        Wikipedia is good for a broad definition of the term "duty of loyalty" but in CA that duty extends to all employees (see e.g. https://www.sandiegouniontribune.com/business/sd-fi-eaton-26-story.html https://www.sandiegouniontribune.com/business/sd-fi-eaton-26...).
- bdowling 7y ago
  The concept also applies to random employees. For example, if an employee placed in charge of a shop charges customers more than the set prices and keeps the difference for himself, that would be a breach of the duty of loyalty. The idea is that the employee is abusing the trust placed in him and appropriating the company's business interests for himself. It can happen at any level, from executives with conflicts of interest to employees stealing from the till.
- deleted 7y ago
  [deleted]
newnewpdro 7y ago
I'm laughing because my understanding is that he's an employee, if he's beholden to fiduciary duties then it's a different situation.

outworlder 7y ago

That's for directors and stockholders, not random employees.

ricefield 7y ago
> Apple filed the lawsuit in Santa Clara County Superior Court against Gerard Williams III, who left the company last year after more than nine years as chief architect for the custom processors that power iPhones and iPads to start Nuvia Inc, which is designing chips for servers.
- outworlder 7y ago
  Chief architect. AKA engineer.
  - ricefield 7y ago
    His LinkedIn literally says, "Senior Director": https://www.linkedin.com/in/gerard-williams-iii-27895aa/ https://www.linkedin.com/in/gerard-williams-iii-27895aa/ It's not like he was some kind of low-ranking IC engineer
    - outworlder 7y ago
      Well, being a "senior director" (sounds like an oxymoron to me) would seem to apply.
    - kelnos 7y ago
      Director in this sense does not mean what it means in the definition for "duty of loyalty", which is talking about board members, not (even high-ranking) employees.
      - gamblor956 7y ago
        Wikipedia is good for a broad definition of the term "duty of loyalty" but in CA that duty extends to all employees (see e.g. https://www.sandiegouniontribune.com/business/sd-fi-eaton-26-story.html https://www.sandiegouniontribune.com/business/sd-fi-eaton-26...).
bdowling 7y ago
The concept also applies to random employees. For example, if an employee placed in charge of a shop charges customers more than the set prices and keeps the difference for himself, that would be a breach of the duty of loyalty. The idea is that the employee is abusing the trust placed in him and appropriating the company's business interests for himself. It can happen at any level, from executives with conflicts of interest to employees stealing from the till.
deleted 7y ago
[deleted]

newnewpdro 7y ago

I'm laughing because my understanding is that he's an employee, if he's beholden to fiduciary duties then it's a different situation.